Metals methodology

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Metals pricing notices

Fastmarkets will initiate the planned update of its suite of North American non-ferrous scrap dealer buying prices on Tuesday September 2, following a 30-day consultation period.

Fastmarkets amended the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China on Wednesday August 28.

Fastmarkets will adjust the normalization calculation of its manganese ore high grade indices while keeping the same chemistry specifications and methodology.

Fastmarkets proposes to amend five of its magnesia dead burned, calcined and fused FOB China price assessments from weekly publication to monthly.

Fastmarkets’ daily price for hot-rolled coil in the US Midwest was published early on Friday August 23 due to an error.

Fastmarkets proposes to launch a price assessment for graphite flake 94% C, -100 mesh, cif US ports, $/tonne.

Fastmarkets Benchmark Administration Oy (FBA) was incorporated in December 2020 to operate as the independent administrator of benchmarks published by price reporting agency (PRA) Fastmarkets and subject to the European Benchmarks Regulation (BMR). It is headquartered in Helsinki, Finland, and supervised by the Finnish Financial Supervisory Authority (FIN-FSA).

If you have questions about our pricing process, contact our pricing team.

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This Disclaimer is in addition to our Terms and Conditions as available on our website and shall not supersede or otherwise affect these Terms and Conditions. Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable. This information has not been independently verified by us. Those prices and price indices that are evaluated or calculated by us represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to us. Such prices are collated through regular contact with producers, traders, dealers, brokers and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists.

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